Debt cancellation expected in late summer

Image:  A final decision on whether the Biden administration will forgive some student loan debt will likely not come until July or August, administration officials told The Wall Street Journal. The president said in late April that he would be making a decision in “the next couple of weeks.” Since then, the administration has not made any formal announcement on widespread debt relief. On Monday, James Kvaal, under secretary of education, said at an event held by the Bipartisan Policy...